Mortgage Debt back on the Rise

In an indication that home values are rising and that home purchase transactions are slowly increasing, nationalmortgagenews tells MHProNews the two year slide of mortgage debt— mortgage servicing rights, or MSRs— triggered by the housing crisis, has come to an end. Residential consumer debt rose from $8.9 trillion Q1 2012 to $9.19 trillion by the end of Q2 2012. An analysis by nationalmortgagenews and Quarterly Data Report indicates that MSR hit $10.1 trillion in 2009. By company, Wells Fargo & Co. had the largest MSRs at $1.86 trillion, followed by Bank of America with $1.59 trillion, and Chase with $1.07 trillion.

(Image credit: caudium)

mas kovach mhpronews shopping with soheyla .jp

Get our ‘read-hot’ industry-leading 

get our ‘read-hot’ industry-leading emailed headline news updates

Scroll to Top